everblue low rate pricing addendum

On the record for everblue low rate pricing addendum: a 20.99% purchase APR, no annual fee and a 12-month 0% opening period, filed by Bangor Savings Bank. That purchase rate ranks near the 45th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Bangor Savings Bank's CFPB filing for everblue low rate pricing addendum. It is issued on the Mastercard network and the filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

What the promotional rate is worth

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Behind the promotion sits a 20.99% purchase rate. On $2,000 that is in the region of $467 a year once the window closes.

Valued honestly, 12 months at zero on $2,000 avoids about $467 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

20.99% puts the purchase APR near the 45th percentile across 2,280 agreements, so it is about typical for the filings collected here.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

Translating the rate into money

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $700 in interest.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $37 cheaper for the same debt.

Note the $1.50 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

The downside terms

The maximum late fee is $40 — roughly the 72nd percentile of the late fee ceilings disclosed across this index.

Where the fees are

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 27.99%. That is 7 points above the purchase rate. $200 is the crossover point where the percentage overtakes the $10 minimum.

Moving a balance onto this card carries an up-front charge of $5 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 20.99%. Shifting $3,000 across attracts something like $90 in fees on day one.

Spending abroad costs an extra 3% — about $150 on $5,000 of purchases, independent of interest.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

The $1.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The issuer's other agreements

There are 6 filings from Bangor Savings Bank in this index.

The limits of this document

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The document itself

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 20.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.